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War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts
Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts. Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is. Cash will expire after a designated period of time. Andrew believes “consumers are part of the problem”. He wants to punish people who pay in cash and don’t get a receipt. A plan to strip consumers of their legal protections if they pay in cash and fail to get a receipt has been slammed ... (full story)
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- Aug 2, 2017 7:55pm Aug 2, 2017 7:55pm
- Noober
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- Aug 2, 2017 8:04pm Aug 2, 2017 8:04pm
- cogs
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My comments are not to be taken as trading advice, not a financial advisor
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- neastie
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- Aug 2, 2017 8:25pm Aug 2, 2017 8:25pm
- milicentfx
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- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.
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- petefx82
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